Stock Rating Upgrade
Of late the Value Trend Rating for Nicolet Bankshares Inc (NYSE: NIC) improved from C to B reflecting improving fundamentals and high Appreciation Potential.
Recent Price Action
Nicolet Bankshares Inc (NYSE: NIC) stock closed at $101.20 on 7/29/24 after a decline of -2.4%. Moreover, this decline was accompanied by above average trading volume at 128% of normal. The stock has risen 4.0% during the last week and has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, NIC is expected to be a modest Value Builder.
Nicolet Bankshares has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Nicolet Bankshares has a slightly positive Power Rating of 60 and a slightly positive Appreciation Score of 65, leading to the Positive Value Trend Rating.
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